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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Which letter of credit is issued for a single or particular transaction:
Question # 2
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Question # 3
Which of the following parties of a letter of credit is called beneficiary
Question # 4
What does IOU mean
Question # 5
Which letter of credit is accompanied by some documents
Question # 6
What does the bank receive on issuing a letter of credit:
Question # 7
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 8
Which of the following is useful in facilitating trade relation between the businessmen of different countries
Question # 9
What is recieved by the post office on money order:
Question # 10
If there is no guarantee to honour a letter of credit then it is called:
Question # 11
IOU is a document
Question # 12
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 13
Where are the stock certificates sold and bought
Question # 14
The important types of banker's letter of credit:
Question # 15
Which of the following gets facility due to commercial letter of credit:
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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M Mubashira 10 - Jul - 2021 00 Min 09 Sec 15/15 -
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A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods |
A. Documentary letter of credit
B. Green-clause letter of credit
C. Confirmed letter of credit
D. Red-clause letter of credit
|
| 2 | Which of the following parties of a letter of credit is called beneficiary |
A. Importer
B. Exporter
C. Opening bank
D. Advising bank
|
| 3 | Which of the following is useful in facilitating trade relation between the businessmen of different countries |
A. Bank draft
B. Money order
C. Letter of credit
D. Stock certificate
|
| 4 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
|
| 5 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
| 6 | Which one can be crossed : |
A. Money order
B. Postal order
C. Credit card
D. All of the above
|
| 7 | What is the nature of credit instrument IOU |
A. An autograph
B. A monograph
C. A holograph
D. A sonograph
|
| 8 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving
B. Back to Back
C. Transferable
D. None of the above
|
| 9 | Which letter of credit is accompanied by some documents |
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
|
| 10 | IOU is a document |
A. Negotiable
B. Non-negotiable
C. Conditional negotiable
D. Unconditional negotiable
|
Test Questions
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